Goldman Sachs Correlations

GHYSX Fund

USD 9.35 0.01 0.11%

The current 90-days correlation between Goldman Sachs High and Munivest Fund is 0.11 (i.e., Average diversification). The correlation of Goldman Sachs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Goldman Sachs Correlation With Market

Average diversification

The correlation between Goldman Sachs High and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs High and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldman Sachs High. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with GOLDMAN Mutual Fund

0.84

GCMDX

Goldman Sachs Local

Pair Corr

Related Correlations Analysis

	MVF	MUE	KTF	MHD	NXC	RFM	MYD	MVT	MQT	MUI
MVF		0.8	0.42	0.9	0.76	0.8	0.82	0.89	0.85	0.27	MVF
MUE	0.8		0.6	0.8	0.58	0.8	0.85	0.76	0.81	0.24	MUE
KTF	0.42	0.6		0.47	0.34	0.64	0.69	0.28	0.35	0.51	KTF
MHD	0.9	0.8	0.47		0.85	0.91	0.89	0.91	0.9	0.32	MHD
NXC	0.76	0.58	0.34	0.85		0.81	0.71	0.8	0.82	0.39	NXC
RFM	0.8	0.8	0.64	0.91	0.81		0.88	0.76	0.83	0.49	RFM
MYD	0.82	0.85	0.69	0.89	0.71	0.88		0.8	0.84	0.3	MYD
MVT	0.89	0.76	0.28	0.91	0.8	0.76	0.8		0.86	0.16	MVT
MQT	0.85	0.81	0.35	0.9	0.82	0.83	0.84	0.86		0.13	MQT
MUI	0.27	0.24	0.51	0.32	0.39	0.49	0.3	0.16	0.13		MUI
	MVF	MUE	KTF	MHD	NXC	RFM	MYD	MVT	MQT	MUI

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Risk-Adjusted Indicators

There is a big difference between GOLDMAN Mutual Fund performing well and Goldman Sachs Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Goldman Sachs' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MVF	0.46	(0.01)	(0.15)	(0.34)	0.61	(0.54)	0.83	(1.06)	2.81
MUE	0.39	0.03	(0.13)	(1.15)	0.47	(0.40)	0.85	(0.76)	2.47
KTF	0.42	0.05	(0.09)	(1.40)	0.47	(0.52)	1.12	(0.61)	3.40
MHD	0.48	(0.01)	(0.14)	1.20	0.71	(0.45)	0.88	(1.14)	3.11
NXC	0.46	(0.03)	0.00	2.18	0.00	0.00	0.94	(0.94)	2.82
RFM	0.35	0.00	(0.20)	0.61	0.45	(0.39)	0.81	(0.76)	2.25
MYD	0.49	0.00	(0.15)	0.18	0.55	(0.56)	1.08	(1.06)	2.65
MVT	0.44	(0.03)	0.00	0.72	0.00	0.00	1.02	(1.09)	2.79
MQT	0.43	(0.04)	0.00	(0.10)	0.00	0.00	0.87	(0.92)	2.73
MUI	0.29	0.01	(0.13)	1.78	0.48	(0.32)	0.73	(0.65)	3.31

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Goldman Sachs Correlations

Goldman Sachs Correlation With Market

Average diversification

Moving together with GOLDMAN Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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